Susie Systems completed the following stock issuance transactions: May 19 Issued 2,000 shares of $1 par common

Question:

Susie Systems completed the following stock issuance transactions:
May 19 Issued 2,000 shares of $1 par for cash of $9.50 per share.
Jun 3 Sold 300 shares of $3, no-par preferred stock for $15,000 cash.
11 Received equipment with market value of $78,000. Issued 3,000 shares of the $1 par in exchange.
Requirements
1. Journalize the transactions. Explanations are not required.
2. How much paid-in capital did these transactions generate for Susie Systems?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...